The Shifting Economics of California

California, if considered a nation, would be the 5th largest economy globally. Despite its wealth, the state faces economic challenges, exacerbated by COVID-19. Historically, industries like film and tech have driven growth, but issues like high living costs and migration impact stability. The state's high taxes aim to balance these effects, but recent trends show potential economic decline. California's economy remains influential, yet it must adapt to avoid future downturns.

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